2014-01-28 20:35:02 - Czech Republic Information Technology Report Q4 2013 - a new market research report on companiesandmarkets.com
The Czech IT market continues to held back by the weak macro picture nationally and in the wider region, putting the market on a lower growth trajectory. The weak economic environment has negatively impacted both consumer and business confidence, while a climate of fiscal austerity is squeezing the value of public sector contracts. Despite these challenges the underlying growth dynamic of the IT market will ensure market growth remains in positive territory in 2013. Key trends in 2013 include demand for tablets and the rapid development of the cloud services market, while, over the medium term, a recovery in retail spending will add to the positive impact of government ICT initiatives, often backed by EU subsidies to propel growth.
Computer Hardware Sales: CZK35.6bn in 2012 to CZK36.2bn in 2013, an increase of 1.9% in local currency terms. This is a minor downgrade to our forecast in the Q4 update as desktop and notebook sales declined faster than expected in the first quarter of 2013 as retail spending has been hit by stagnant wages and unemployment.
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